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Foxconn & Pegatron Enjoy Healthy Growth in November due to Apple's iDevice Orders

10PX. Patently Xtra
It's being reported today in Taiwan that Foxconn Electronics (Hon Hai Precision Industry) has reported record monthly consolidated revenues of US$16.5 billion for November, growing 9.76% on month and 12.85% on year. The positive report was attributed to the sale of iPhone 6 and iPad orders.

 

DigiTimes reports that Foxconn pointed out that its consumer electronics, computing and communication product businesses all enjoyed on-month revenue growth in November with the consumer electronics business having the highest increase.

 

Market watchers noted that the growth in November was mainly contributed by Apple's new iPhone and iPad orders and their strong demand is expected to further boost Foxconn's revenues in December.

 

Last month we posted a report titled "Pegatron's Subsidiary Sales Surge as iPad Chassis Supplier." Today Pegatron reported a 30% growth for November and so their profitable streak is continuing with strong Apple device part sales.

 

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